Appraiser News
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Complying with lender expectations — Part One
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In the residential appraisal industry, everything always trickles down from lenders to their third-party vendors.
Necessarily, as compliance requirements have become the hot-button issue for lenders in recent years, the need to conform to banks’ expectations has become paramount for appraisal management companies (AMCs) and independent appraisal firms, alike.
But what exactly are banks looking for from their third-party vendors in 2014? And why is third-party oversight any different now than in the past?
Valuation Review talked with a man uniquely qualified to answer those questions.
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